Toronto stocks were able to throw off yesterday’s JDS disaster and move ahead on the day as the TSE 300 advanced 64 points to close at 7,682.

Nine of the TSE’s 14 sub-indices posted gains. Among individual issues, market trend was equally strong with advancers outpacing decliners 584 to 405. Volume was light, though, only 98 million shares were traded.

Out in front was the industrial products sector, up 2%. Conglomerates and pipelines each managed to post gains greater than 1%. Among the losers, no sector was off more than 1%.

Within the industrial sub-index, Nortel Networks climbed almost 6% to $12.69. Corel soared almost 9% at $5.70, while Celestica was ahead almost 5% at $73.85.

JDS was heavily traded today after reporting yesterday’s record-breaking loss. The stock closed off almost 9% at $13.83.

In the wake of a bid by some of Rogers Wireless directors to block the privatization of the company by the parent company, both Rogers Wireless and Rogers stock fell today. They stocks dropped 69¢ to $27.75 and 84¢ to $24.85, respectively.

Air Canada saw some trading action, and closed down 10¢ at $7.80 after it was fined $1 million for its selective disclosure to several analysts last October.

The CDNX ended the day down almost nine points at 3,067. Although the index declined, market trend among individual issues was positive, with 211 advancing and only 182 declining. Volume was low with only 28 million shares traded.

The loonie was relatively unchanged today, moving down only a slight 0.06%. It finished at US65.23¢.

In New York, markets didn’t fares as well as Toronto. News that U.S. GDP growth was at an eight year low likely had something to do with the subdued performance.

The Nasdaq composite index closed ahead six points at 2,029, while the S&P 500 was up three points at 1,206. The Dow bucked the slight up trend, finishing down 39 points at 10,417.